Every time I hear a politician say he's going to end tax breaks for companies that export jobs overseas, I just laugh. It's transparent pandering to the UAW and other labor unions and a great talking point, but the Democrats have just never gotten around to enacting it. President Obama trotted out that old horse again in Wednesday's State of the Union speech. But as a Michigander, it's even more humorous knowing that the federal government has bailed out a Michigan-based company, General Motors, that has increasingly been "shipping jobs overseas." According to a May 2009 Washington Post article, GM has been doing that with a vengeance. But silly me. Why am I complaining? After all, a bail out is totally different than a tax break. Isn't it? [more...]
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